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ALFI, INC.

NOTICE OF PENDENCY OF CLASS ACTION: Please be advised that your rights may be affected by the above-captioned securities class action (the “Action”) pending in the United States District Court for the Southern District of Florida (the “Court”), if, during the period between May 4, 2021 and March 11, 2022, inclusive (the “Settlement Class Period”), you purchased or otherwise acquired Alfi, Inc. (“Alfi” or the “Company”) common stock and/or warrants (“Alfi Securities”),
including Alfi Securities purchased or otherwise acquired pursuant and/or traceable to the Registration Statement issued in connection with Alfi’s initial public offering on or about May 4, 2021 (the “IPO” or “Offering”), and were damaged thereby.

NOTICE OF SETTLEMENT: Please also be advised that the Court-appointed Lead Plaintiff Candido Rodriguez, along with plaintiff John K. Allen, on behalf of the Joseph M. Driscoll Trust, and plaintiff Alexander C. Takian (collectively, “Plaintiffs”), on behalf of themselves and the Settlement Class (as defined in ¶ 21 below), have reached a proposed settlement of the Action for $1,725,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”).

The Law Offices of Frank R. Cruz, Los Angeles Frank R. Cruz

310-914-5007

fcruz@frankcruzlaw.com

www.frankcruzlaw.com